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DB Corp Q1 topline up 6.5%

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DB Corp Q1 topline up 6.5%

DB Corp has recorded a seven per cent growth in its Q1 FY13 total consolidated revenues at Rs 3,784 million as against Rs 3,538 million of Q1 FY12. This is on account of net increase in print business’ total revenue of Rs 213 million in Q1 FY13. Print business EBIDTA margins stood at 23.2 per cent at Rs 840 million. Print business profit after tax stood at Rs 455 million (13 per cent PAT margin).

Revenues from advertising clocked a growth of one per cent on YOY basis to Rs 2,862 million in Q1 FY13 from Rs 2,842 million in Q1 FY12.

Net profit came in at Rs 437 million in Q1 (PAT margin 11.5 per cent) as against Rs 611 million in Q1 FY12. This is after factoring in one-time pre-operative expenses of Rs 12.1 million for Maharashtra launch as well as Forex loss of Rs 79.3 million.

The group’s radio business has achieved PAT positive status within four years of launch of all stations, with advertising revenues from radio growing by 13 per cent to Rs 140 million in Q1 FY13, as against Rs 124 million in Q1 of last fiscal. Radio business PAT stood at Rs 4 million (three per cent margin) in Q1 FY13. Radio business EBIDTA stood at Rs 30 million (21 per cent margin) in Q1.

Commenting on the Q1 FY13 performance, Sudhir Agarwal, Managing Director, DB Corp in a prepared statement said, “A challenging economic environment driven by weak GDP numbers continues to plague growth across key industries which in turn has impacted overall media spend. In this quarter, we focused our strategy on maintaining our position in all markets. Our progress in key regions such as Aurangabad and Nashik in Maharashtra and in Jharkhand showed very encouraging results, proven by strong subscription renewal of copies, one year after the launch of edition.”

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